12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 11 (Non-Negotiable Instruments)

ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test

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ICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test

MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test

00:00
Question # 1

The letter of credit which can be endorsed to another person is called:

Question # 2

What does the bank receive on issuing a letter of credit:

Question # 3

I Owe You is a written instrument drawn by

Question # 4

The first stage or step between importer and exporter for the purpose of sale and purchase is:

Question # 5

Which of the following parties of a letter of credit is called beneficiary

Question # 6

What is recieved by the post office on money order:

Question # 7

The important types of banker's letter of credit:

Question # 8

Which of the following is useful in facilitating trade relation between the businessmen of different countries

Question # 9

What is the nature of credit instrument IOU

Question # 10

Stock certificate is a document issued by

Question # 11

If there is no guarantee to honour a letter of credit then it is called:

Question # 12

Which of the following can be cancelled by the issuing bank without the consent of the other parties

Question # 13

Which letter of credit is issued for a single or particular transaction:

Question # 14

Which one can be crossed :

Question # 15

Which letter of credit is accompanied by some documents

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ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Which of the following is used to finance the people who want to travel abroad
A. Traveller's letter of credit
B. Traveller's cheque
C. Circular note
D. All the above
2 Which letter of credit is issued for a single or particular transaction:
A. Fixed
B. Revocable
C. Red clause
D. Green Clause
3 What is recieved by the post office on money order:
A. Profit
B. Interest
C. Commision
D. All of the above
4 Which letter of credit is accompanied by some documents
A. Confirmed
B. Documentary
C. Non-documentary
D. All the above
5 If there is no guarantee to honour a letter of credit then it is called:
A. Confirmed letter of credit
B. Irrevocable letter of credit
C. Unconfirmed letter of credit
D. None of the above
6 Where are the stock certificates sold and bought
A. At commercial bank
B. At central bank
C. At post office
D. At stock exchange
7 The first stage or step between importer and exporter for the purpose of sale and purchase is:
A. Oath or undertaking
B. Agreement
C. Contract with bank
D. Issuing of L.C
8 Which of the following can be cancelled by the issuing bank without the consent of the other parties
A. Revocable letter of credit
B. Irrevocable letter of credit
C. Revolving letter of credit
D. Unconditional letter of credit
9 IOU is a document
A. Negotiable
B. Non-negotiable
C. Conditional negotiable
D. Unconditional negotiable
10 What is the nature of credit instrument IOU
A. An autograph
B. A monograph
C. A holograph
D. A sonograph

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